Supplemental Pay Essentials - Severance Pay, Deferred Compensation, Recordkeeping and Fringe Benefits

Topics

• Definitions and examples of supplemental and regular compensation including optional treatment and exceptions
• Why Congress distinguished supplemental pay and enacted special rules for computing withholding
• When optional methods may be elected and when they may not
• Detailed description of methods used to compute withholding on supplemental pay including examples
• The effect of Form W-4 claims and regular pay period on supplemental pay withholding
• When the mandatory flat rate method must be used and situations in which the employer has options
• Penalties for failure to withhold and penalty avoidance
• Recordkeeping required for compliance with mandatory flat rate withholding rules
• Application of the rules to specific examples of supplemental pay situations

Who should Attend

• Payroll Consultants
• Payroll Supervisors and Personnel
• Public Accountants
• Payroll Service Providers
• Tax Compliance Officers
• Internal Auditors
• Employee Benefits Administrators
• Enrolled Agents
• Company / Business Owners
• Officers and Managers with Payroll or Tax Compliance Oversight
• Public Agency Managers
• Managers/ Supervisors
• Audit and Compliance Personnel / Risk Managers